A few weeks back I made a chart on Litecoin named "Litecoin and it's historical patterns" linked in this chart down bellow. This is literally the same exact chart but I've added the "LTC Log Curves based on Fibonacci math sequence. Look at how good it's fit on the original analysis!
On the bottom I have the "Litecoin Wizard" I'm not entirely sure what this is...
Litecoin is an underdog and will end up blasting above its ATH very soon. Higher Targets around 700$ and 999$ possible.
Leverage Traders should trade with a strict stop loss. Hodlers should HODL till $700 + Targets.
LTC will continue to reduce liquidity. Not sure how effective that is going to be at containing this environment though. A move towards 93 is a matter of when rather than if. Happy to sit in LTCUSD longs for now, the move is unstoppable at the moment. If BTC and cryptos can have a strong couple of days, spot could easily touch 90 this week. Stay long Litecoin.
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LTC clearly outperforming and taking the spotlight with the cross briefly trading above $70. A serious early contender for "Trade of the Year" after we rallied +70% from the lows.
In any case, I am happy with the first targets at 64.xx, but ahead of the weekend, I would be surprised to see much further downside. On the day, support will be found at 62.5x...
Good r/r at this price and this could be the bottom for a run now that high caps are looking promising.
Entry: 0.006370
TP 1: 0.006898
TP 2: 0.007583
TP 3: 0.009996
SL: 0.005949
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Whilst volume may look sparse the accumulation has mostly been across the LTCBTC pairs and that ought to tell you something...
The S/Rs and classicals and overall trends here are so well defined that a well-placed short upon a breakdown of supports ought to be as lucrative as a well-placed long if the previous top's neckline becomes support; stay neutral till a...
Just testing out Satoshi Lite's own tweet prediction. Looks to be pretty accurate to me...
Expect LTC to drop to next Fib support zone.
I will keep updated as needed.
![LTCUSD: LTC will be killed by Segwit2x [Yes2x]](https://s3.tradingview.com/j/jufFucGU_mid.png "LTC will be killed by Segwit2x [Yes2x]")
